MIRA INFORM REPORT

Report Date :

07.02.2012

IDENTIFICATION DETAILS

Name :	EDINBURGH WOOLLEN MILL LTD. (THE)
Registered Office :	Waverley Mills, Langholm, DG13 0EB, Dumfries & Galloway County
Country :	United Kingdom
Financials (as on) :	26.02.2011
Date of Incorporation :	27.04.1976
Com. Reg. No.:	SC024081
Legal Form :	Private Subsidiary
Line of Business :	Retail sale of gifts and clothing
No. of Employees :	3,652

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Status :	Good
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

Edinburgh Woollen Mill Ltd. (The)

Waverley Mills

Langholm, DG13 0EB

United Kingdom

(Trading Address

Employees:	3,652
Company Type:	Private Subsidiary
Corporate Family:	216 Companies
Ultimate Parent:	The Edinburgh Woollen Mill (Group) Ltd.
Quoted Status:	Non-quoted Company
Incorporation Date:	27-Apr-1946
Auditor:	KPMG LLP

Fiscal Year End:	26-Feb-2011
Reporting Currency:	British Pound Sterling
Annual Sales:	247.7 ^1
Net Income:	23.5
Total Assets:	320.3

Business Description

Edinburgh Woollen Mill Ltd. (The) is a subsidiary of The Edinburgh Woollen Mill (Group) Ltd., one of the largest Scottish retail groups, boasting an annual turnover of £175 million. The group operates nearly 300 shops, with representation in most towns throughout the United Kingdom. Employing more than 3,000 people, Edinburgh Woollen Mill’s history dates back to 1798. The group markets ladieswear and menswear at nearly 200 mainstream high street stores. Edinburgh Woollen Mill also maintains nearly 95 speciality tourist stores offering gifts and themed products. Additionally, the group consists of nearly 30 destination sites containing the Edinburgh Woollen Mill’s concepts and other retail brands. Edinburgh Woollen Mill Ltd. (The) maintains a location in Langholm, Dumfriesshire

Industry

Industry	Retail (Apparel)
ANZSIC 2006:	4251 - Clothing Retailing
NACE 2002:	5242 - Retail sale of clothing
NAICS 2002:	4481 - Clothing Stores
UK SIC 2003:	5242 - Retail sale of clothing
US SIC 1987:	5651 - Family Clothing Stores

Key Executives

Name	Title
Philip Day	Chief Executive Officer
David Houston	Finance Director
Carmel Leigh	Managing Director, Buying and Merchandising
June Carruthers	Company Secretary
Ed Samson	IT Manager

Financial Summary

FYE: 26-Feb-2011

USD (mil)

Key Figures
Current Assets	289.28
Fixed Assets	31.06
Total Liabilities	40.62
Net Worth	244.66

Key Ratios
Current Ratio	7.12
Acid Test	6.27
Debt Gearing	12.61

Registered No.(UK):

SC024081

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6474351

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6222001

Corporate Overview

Location
Waverley Mills
Langholm, DG13 0EB
Dumfries & Galloway County
United Kingdom

Tel:	01387380611
Fax:	01387380920

Sales GBP(mil):	160.3
Assets GBP(mil):	199.3
Employees:	3,652
Fiscal Year End:	26-Feb-2011

Industry:	Retail (Apparel)

Registered Address:
Waverley Mills
Langholm, DG13 0EB
United Kingdom

Incorporation Date:	27-Apr-1946
Company Type:	Private Subsidiary
Quoted Status:	Not Quoted
Registered No.(UK):	SC024081

Chief Executive Officer:	Philip Day

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
4251	-	Clothing Retailing

NACE 2002 Codes:
5242	-	Retail sale of clothing

NAICS 2002 Codes:
4481	-	Clothing Stores

US SIC 1987:
5651	-	Family Clothing Stores

UK SIC 2003:
5242	-	Retail sale of clothing

Business Description

Edinburgh Woollen Mill Ltd. (The) is a subsidiary of The Edinburgh Woollen Mill (Group) Ltd., one of the largest Scottish retail groups, boasting an annual turnover of £175 million. The group operates nearly 300 shops, with representation in most towns throughout the United Kingdom. Employing more than 3,000 people, Edinburgh Woollen Mill’s history dates back to 1798. The group markets ladieswear and menswear at nearly 200 mainstream high street stores. Edinburgh Woollen Mill also maintains nearly 95 speciality tourist stores offering gifts and themed products. Additionally, the group consists of nearly 30 destination sites containing the Edinburgh Woollen Mill’s concepts and other retail brands. Edinburgh Woollen Mill Ltd. (The) maintains a location in Langholm, Dumfriesshire

More Business Descriptions

Retail sale of gifts and clothing

Representative Office

Financial Data

Financials in:	GBP(mil)
Revenue:	160.3
Net Income:	15.2
Assets:	199.3
Current Assets:	180.0
Fixed Assets:	19.3
Long Term Debt:	19.2
Total Liabilities:	44.5
Issued Capital:	51.3
Working Capital:	154.7
Net Worth:	152.2
Date of Financial Data:	26-Feb-2011

1 Year Growth

-0.7%

NA

6.0%

Key Corporate Relationships

Auditor:	KPMG LLP
Bank:	Santander Corporate Banking
Auditor:	KPMG, KPMG LLP
Investment Managers:	Insight Investment Management (Global) Ltd
Actuaries:	Mercer

	GBP(mil)
Audit Fees:	0.0
Audit Fiscal Year:	02-26-2011

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
The Edinburgh Woollen Mill (Group) Ltd.	Parent	Scarborough	United Kingdom	Commercial Banks	302.4	4,341
Duvetco Ltd.	Subsidiary	Havant	United Kingdom	Apparel and Accessories	51.6	680
Ewm (Topco) Ltd.	Subsidiary	Carlisle	United Kingdom	Commercial Banks
Ewm (Ip) Ltd.	Subsidiary	Langholm	United Kingdom	Business Services	0.0
The Gibson Group (Scotland) Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Romanes & Paterson Ltd.	Subsidiary	Edinburgh	United Kingdom	Nonclassifiable Industries		60
Priory Knitwear Ltd.	Subsidiary	Carlisle	United Kingdom	Apparel and Accessories
Gibson & Lumgair (Scotland) Ltd.	Subsidiary	Langholm	United Kingdom	Textiles - Non Apparel
The Cashmere Co. Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
St. Andrews Sportswear Co. Ltd.	Subsidiary		United Kingdom	Nonclassifiable Industries
Ewm Group Ltd.	Subsidiary	Carlisle	United Kingdom	Commercial Banks
Ewm Holdings Ltd.	Subsidiary	Carlisle	United Kingdom	Commercial Banks
Ewm (Ebt) Trustees Ltd.	Subsidiary	Carlisle	United Kingdom	Business Services
Gleneagles Of Scotland (Woollens Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Ewm (Financial Services) Ltd.	Subsidiary	Langholm	United Kingdom	Miscellaneous Financial Services
Edinburgh Woollen Mill Ltd. (The)	Subsidiary	Langholm	United Kingdom	Retail (Apparel)	247.7	3,652
Moffat Woollens Ltd.	Subsidiary	Pitlochry	United Kingdom	Nonclassifiable Industries		4
The Woollen Mill Ltd.	Subsidiary	Edinburgh	United Kingdom	Nonclassifiable Industries		3
Craftcentre Cymru Group Cyfyngedig	Subsidiary	Betws Y Coed	United Kingdom	Nonclassifiable Industries
The Millshop Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Clan Royal Of Scotland Ltd.	Subsidiary	Ringwood	United Kingdom	Nonclassifiable Industries		45
Macdonalds Of Oban Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Equorian Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Tartan Centre Ltd.	Subsidiary		United Kingdom	Nonclassifiable Industries
Clan Centre Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Ewm Property Co. Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Ponden Mill Ltd.	Subsidiary	Skipton	United Kingdom	Nonclassifiable Industries
Grampian Woollen Mills Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
James Pringle Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Clan Tartan Centre Ltd.	Subsidiary	Edinburgh	United Kingdom	Nonclassifiable Industries
Skye Woollen Mill Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
James Pringle Woollen Mill Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
James Pringle Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogo	Subsidiary	Carlisle	United Kingdom	Nonclassifiable Industries
The Woollen Mill (Edinburgh) Ltd.	Subsidiary	Carlisle	United Kingdom	Nonclassifiable Industries
Mairi Macintyre (Scottish Sportswear) Ltd.	Subsidiary	Carlisle	United Kingdom	Nonclassifiable Industries
Craftcentre Cymru (Manufacturing) Cyfyngedig	Subsidiary	Betws Y Coed	United Kingdom	Nonclassifiable Industries
Craftcentre Cymru Cyfyngedig	Subsidiary	Bala	United Kingdom	Nonclassifiable Industries
Edinglen Ltd.	Subsidiary	Glasgow	United Kingdom	Apparel and Accessories
Pitlochry Knitwear Co. Ltd.	Subsidiary	Keswick	United Kingdom	Nonclassifiable Industries
House Of Gleneagles Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Highland Home Industries Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Antartex Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
James Pringle Textiles Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch Woollen Mil	Subsidiary	Dumfriesshire	United Kingdom	Nonclassifiable Industries
Gleneagles Woollen Mills Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Gleneagles Cashmeres Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
The Sweater Co. Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Scottish Woollens Group Ltd.	Subsidiary		United Kingdom	Nonclassifiable Industries
The Country Trader Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
The Edinburgh Sweater Co. Ltd.	Subsidiary		United Kingdom	Nonclassifiable Industries
The Golf Shop Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
James Pringle Of Inverness Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
James Pringle Weavers Of Inverness Ltd.	Subsidiary	Pitlochry	United Kingdom	Nonclassifiable Industries
The Sweater Shop Ltd.	Subsidiary	Langholm	United Kingdom	Nonclassifiable Industries
Randotte Place Ltd.	Subsidiary	Langholm	United Kingdom	Apparel and Accessories
Proquip (Group) Ltd.	Subsidiary	Langholm	United Kingdom	Commercial Banks
Proquip Holdings Ltd.	Subsidiary	Langholm	United Kingdom	Business Services
Proquip Ltd.	Subsidiary	Langholm	United Kingdom	Apparel and Accessories	3.2	9
Proquip Ip Ltd.	Subsidiary	Langholm	United Kingdom

Board of Directors

Name	Title	Function
John Herring	Non-Executive Director	Director/Board Member

Executives

Name	Title	Function
Philip Day	Chief Executive Officer	Chief Executive Officer
Anne Ceters *	Proprietor	President
Philip Day *	Proprietor	President
Rhoda Allison *	Branch Manager	Division Head Executive
B. Andrews *	Branch Manager	Division Head Executive
C. Bennett *	Branch Manager	Division Head Executive
C. Bennett *	Branch Manager	Division Head Executive
Jane Berry *	Branch Manager	Division Head Executive
R. Blake *	Branch Manager	Division Head Executive
Chris Browning *	Branch Manager	Division Head Executive
Alice Burch *	Branch Manager	Division Head Executive
K. Feldwick *	Branch Manager	Division Head Executive
Teresa Gorley *	General Manager	Division Head Executive
David Houston	Finance Director	Division Head Executive
Cheryl Hussey *	Branch Manager	Division Head Executive
Penny Knight *	Branch Manager	Division Head Executive
H. Main *	Branch Manager	Division Head Executive
N. Maxwell *	Branch Manager	Division Head Executive
David Osell *	Branch Manager	Division Head Executive
Rosilynn Patrick *	Branch Manager	Division Head Executive
Jo Philips Pitman *	Branch Manager	Division Head Executive
Amanda Rosier *	Branch Manager	Division Head Executive
Don Stark *	Branch Manager	Division Head Executive
P. Stennett *	Branch Manager	Division Head Executive
Carmel Leigh	Managing Director, Buying and Merchandising	Managing Director
Pam Hisley	Health & Safety Co-ordinator	Environment/Safety Executive
June Carruthers	Company Secretary	Administration Executive
A. Mckiddie	Payroll Manager	Benefits & Compensation Executive
Bridget Birch	HR Adviser	Human Resources Executive
Carol Kershaw	HR Director	Human Resources Executive
Sarah Pickthall	HR Adviser	Human Resources Executive
Kirstie Simpson	HR Adviser	Human Resources Executive
Mandy Bader	Training Manager	Training Executive
David Read	Marketing Manager	Marketing Executive
Ed Samson	IT Manager	Information Executive
Mike Gray	Telecoms Manager	Telecommunications Executive
Terri Doak *	Store Manager	Merchandise Management Executive
Sally Knox *	Store Manager	Merchandise Management Executive
Bara Locke *	Store Manager	Merchandise Management Executive
Jennie McNeill *	Store Manager	Merchandise Management Executive
Kathy Thompson *	Store Manager	Merchandise Management Executive
A. Cheeseman	Trustee	Trustee
A. B. Taylor	Trustee	Trustee
Robert Allen *	Manager	Other
Yvonne Arblaster *	Manager	Other
Bridgett Armitage *	Manager	Other
Elizabeth Arthur *	Manager	Other
Karen Athorne *	Manager	Other
Claire Ayres *	Manager	Other
Eleanor Bain *	Manager	Other
P. Baldwin *	Manager	Other
K. Bell *	Manager	Other
Victoria Bollands *	Manager	Other
Marilyn Brown *	Manager	Other
Deborah Burton *	Manager	Other
Paul Byrne *	Manager	Other
Val Carmangle *	Manager	Other
C. Christy *	Manager	Other
M. Cornwall *	Manager	Other
L. Crompton *	Manager	Other
Val Darlow *	Manager	Other
Lynsey Davies *	Manager	Other
Nicola Dean *	Manager	Other
Samantha Delmont *	Manager	Other
Julie Dickinson *	Manager	Other
V. Dodd *	Manager	Other
Donna Douglas *	Manager	Other
Lesley Draper *	Manager	Other
Karen Faulkes	Contact	Other
David Field *	Manager	Other
Sindy Filton *	Manager	Other
Carol Finlay *	Manager	Other
Carly Francis *	Manager	Other
Lesley Gray *	Manager	Other
J. Gray *	Manager	Other
Jackie Griffis *	Manager	Other
Margaret Hapka *	Supervisor	Other
L. Harris *	Manager	Other
Ann Holmes *	Manager	Other
Ann Hughes *	Manager	Other
Hester Huttenbach *	Manager	Other
D. Irwin *	Manager	Other
Beverley Jackson *	Manager	Other
Lynne Jenkins *	Assistant Manager	Other
Levie Joson Carter *	Manager	Other
A. Kennedy *	Manager	Other
Susan King *	Manager	Other
Maggie Kittley *	Manager	Other
Jaqueline Lemaitre *	Manager	Other
Agnes Lindsay *	Manager	Other
Carole Locke *	Manager	Other
Gaynor Manks *	Manager	Other
R. Marsdon *	Manager	Other
Erica Marshall *	Manager	Other
Kerry Martin *	Manager	Other
Christine Mawdsley *	Manager	Other
S. McCracken *	Manager	Other
Rachel McCulloch *	Manager	Other
Graeme Mcdermott *	Area Manager	Other
Kathy McLean *	Manager	Other
Michelle Megson *	Manager	Other
Helen Millington *	Manager	Other
Ann Moir *	Manager	Other
Ann Morgan *	Manager	Other
Sue Mustoe *	Manager	Other
Mark Nice *	Manager	Other
Amanda Norma *	Manager	Other
Karen Notman *	Manager	Other
H. Olver *	Manager	Other
Elizabeth O'Rew *	Manager	Other
C. Park *	Manager	Other
Sue Pettet *	Manager	Other
K. Phillip *	Manager	Other
Julie Poutney *	Manager	Other
Jenny Reading *	Manager	Other
Kate Roocroft *	Manager	Other
Christine Ross *	Manager	Other
J. Rowley *	Manager	Other
Ed Sansom *	IT Director	Other
D. Sharpe *	Manager	Other
Sue Smith *	Manager	Other
S. Smith *	Manager	Other
Ann Smith *	Manager	Other
Lorraine Spencer *	Manager	Other
Steph Sumner *	Manager	Other
Lorrine Vaughn *	Manager	Other
Becky Vicars *	Manager	Other
T. Ward *	Manager	Other
Katherine Warner *	Manager	Other
Martin Warren *	Manager	Other
Diana Westall Jones *	Manageress	Other
Lucy Whitear *	Manager	Other
R. Whorton *	Manager	Other
Debbie Williams *	Manager	Other
Holly Williams *	Manager	Other
A. Wilson *	Manager	Other
J. Wilson *	Manager	Other
Jane Wilson *	Manager	Other
Christine Yarrow *	Manager	Other

Directors and Shareholders Report

Main Office Address: Waverley Mills Langholm United Kingdom DG13 0EB

Tel: 01387380611 Fax: 01387380920 URL: http://www.bdp.co.uk

Annual Return Date: 28 Feb 2011 Total Issued Capital (GBP 000): 51,316

Individual Directors
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
John Anthony Herring	Current	23 Nov 1957	Borough Farm, Godalming, Surrey GU8 5JY	03 Jun 2005	NA	Current:8 Previous:14 Disqualifications:0
David Houston	Current	29 Apr 1953	No 7 Chanctonbury Drive, Sunningdale, Ascot, Berkshire SL5 9PJW	15 Dec 1999	NA	Current:62 Previous:27 Disqualifications:0
Carmel Leigh	Current	14 Oct 1962	Waverley Mills, Langholm, Dumfries & Galloway DG13 0EB	08 Apr 2005	NA	Current:5 Previous:0 Disqualifications:0
Philip Edward Day	Current	25 Oct 1965	Unit G Waterfoot Business Centre, Waterfoot Rawtenstall, Rossendale, Lancashire BB4 9HU	25 Jul 2001	NA	Current:28 Previous:15 Disqualifications:0
James Neil Stevenson	Previous	11 Nov 1945	Ashley Bank House High Street, Langholm, Dumfries & Galloway DG13 0AN	06 Jan 1989	17 Apr 1997	Current:11 Previous:13 Disqualifications:0
Anthony Bichard Taylor	Previous	11 Jun 1938	The Coach House, Bowden, Melrose, Scottish Borders TD6 0SS	NA	31 Oct 1991	Current:6 Previous:11 Disqualifications:0
John Johnstone Elliot	Previous	13 Aug 1947	25 Whitaside, Langholm, Dumfries & Galloway DG13 0JS	06 Jan 1989	07 Apr 2000	Current:10 Previous:18 Disqualifications:0
James Clifford Hodkinson	Previous	21 Apr 1944	74 New Town Row, Birmingham, West Midlands B6 4HA	05 Mar 2004	14 Feb 2005	Current:5 Previous:73 Disqualifications:0
Donald Iain Mackay	Previous	27 Feb 1937	14 Gamekeepers Road, Edinburgh, Edinburgh, City of EH4 6LU	15 Dec 1999	25 Jul 2001	Current:0 Previous:8 Disqualifications:0
Alec Whitaker	Previous	13 Jan 1960	Red House 62 Scotby Village, Scotby, Carlisle, Cumbria CA4 8BU	01 Feb 2000	18 Jun 2010	Current:0 Previous:16 Disqualifications:0
Colin Birrell	Previous	29 Aug 1955	Craigruie North Street, Annan, Dumfries & Galloway DG12 5DG	22 Apr 1993	25 Jul 2001	Current:3 Previous:51 Disqualifications:0
Charles Russell Sanderson	Previous	30 Apr 1933	Beckettsfield, Bowden, Melrose, Scottish Borders TD6 0ST	03 Mar 1993	17 Apr 1997	Current:3 Previous:14 Disqualifications:0
David Arthur Light	Previous	09 Oct 1955	Lightcroft House Caldy Road, Caldy, Wirral, Merseyside CH48 1LW	25 Jul 2001	25 Feb 2003	Current:5 Previous:9 Disqualifications:0
Vikram Lall	Previous	05 Dec 1946	Newmains House, North Berwick, East Lothian EH39 5BL	27 Oct 1992	17 Apr 1997	Current:9 Previous:27 Disqualifications:0
David Campbell Mcgibbon	Previous	03 Dec 1947	Fairways 2 Ewing Walk, Milngavie, Milngavie , East Dunbartonshire G62 6EG	03 Mar 1993	25 Jul 2001	Current:2 Previous:38 Disqualifications:0
James Murray	Previous	09 Jun 1946	Damonsara,Laird's Entry, Langholm, Dumfries & Galloway DG13 0DN	06 Jan 1989	NA	Current:0 Previous:3 Disqualifications:0
Aidan Docherty	Previous	08 Mar 1965	137 Taybridge Road, London , London SW11 5PY	25 Jul 2001	14 Nov 2002	Current:1 Previous:7 Disqualifications:0
David Deas Stevenson	Previous	28 Nov 1941	Springhill, Langholm, Dumfries & Galloway DG13 0LP	06 Jan 1989	31 Jan 2000	Current:16 Previous:63 Disqualifications:0
John Alan Rayson	Previous	22 Feb 1951	The Stables Old Station Road, Hampton In Arden, Solihull, West Midlands B92 0HQ	01 Feb 2000	04 Oct 2000	Current:1 Previous:2 Disqualifications:0
Paul Ian Cartwright	Previous	03 Mar 1961	11 Howitt Road, Belsize Park, London , London NW3 4LT	25 Jul 2001	14 Nov 2002	Current:24 Previous:59 Disqualifications:0
James Thomas Heard Ainslie	Previous	26 May 1936	Birkindale, 17 Whitaside, Langholm, Dumfries & Galloway DG13 0JS	06 Jan 1989	17 Apr 1997	Current:0 Previous:59 Disqualifications:0
Paul John Gerrard	Previous	07 Jun 1964	Beech House 1 The Woodlands, Hayton, Alston, Cumbria CA9 9HZ	08 Apr 2005	17 May 2011	Current:2 Previous:3 Disqualifications:0

Corporate Directors

There are no corporate directors for this company.

Individual Secretaries
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
June Carruthers	Current	21 Jun 1964	Burnside House Maxwell Place, Langholm, Dumfries & Galloway DG13 0DY	31 May 2001	NA	Current:98 Previous:6 Disqualifications:0
Jennifer Mary Dunbar	Previous	30 May 1941	47 Brunstock Close, Lowry Hill, Carlisle, Cumbria CA3 0HL	06 Jan 1989	31 May 2001	Current:0 Previous:75 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Individual Shareholders

There are no individual shareholders for this company.

Corporate Shareholders
Company Name	Registration Number	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
EWM (TOPCO) Limited	04542352	989743021 A Ordinary GBP 0.05	A Ordinary	989,743,021	0.05	49,487,151.05	96.44
EWM (TOPCO) Limited	04542352	36572396 Ordinary GBP 0.05	Ordinary	36,572,396	0.05	1,828,619.80	3.56

Edinburgh Woollen Mill Ltd. (The) Langholm, United Kingdom, Tel: 01387380611, URL: http://www.bdp.co.uk

Annual Profit & Loss

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	53 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647435	0.631366	0.575434	0.499516	0.534697
Consolidated	No	No	No	No	No
Turnover (UK)	247.7	248.3	274.3	-	275.7
Turnover (Exports)	0.0	0.0	0.0	-	0.0
Total Turnover	247.7	248.3	274.3	296.4	275.7
Cost of Sales	208.1	207.1	234.0	254.0	233.3
Gross Profit	39.6	41.2	40.2	42.4	42.4
Depreciation	3.9	3.9	4.9	5.4	5.3
Other Expenses	13.2	14.5	15.4	19.0	14.0
Operating Profit	26.4	-	-	-	-
Other Income	6.8	9.3	15.6	24.1	18.0
Interest Paid	0.4	0.4	0.4	0.4	0.0
Exceptional Income	0.0	0.0	0.0	0.0	0.0
Discontinued Operations	-	-	0.0	-	-
Profit Before Taxes	32.8	35.6	40.0	47.0	46.4
Tax Payable / Credit	9.3	9.0	10.3	13.8	10.5
Extraordinary Items/Debits	0.0	0.0	0.0	0.0	0.0
Dividends	0.0	0.0	38.2	0.0	0.0
Profit After Taxes	23.5	26.6	-8.5	33.2	36.0
Minority Interests (Profit & Loss)	0.0	0.0	0.0	0.0	0.0
Audit Fees	0.1	0.1	0.1	0.1	0.1
Non Audit Fees	-	-	-	0.0	0.0
Number of Employees	3,652	3,452	3,428	3,371	3,300
Wages	57.7	53.2	54.6	61.2	54.8
Social Security Costs	2.9	3.1	3.5	4.0	3.7
Pensions	0.0	0.0	0.0	0.0	0.0
Other Pension Costs	1.2	1.2	1.4	1.6	1.7
Employees Remuneration	61.8	57.5	59.4	66.9	60.1
Directors Emoluments	8.9	5.3	4.5	5.3	4.1
Other Costs	0.0	0.0	0.0	0.0	0.0
Directors Remuneration	8.9	5.3	4.5	5.3	4.1
Highest Paid Director	7.4	4.2	3.1	2.6	2.7

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.6222	0.656858	0.701582	0.502715	0.509463
Consolidated	No	No	No	No	No
Land & Buildings	-	24.5	21.5	29.6	13.6
Fixtures & Fittings	-	0.0	0.0	0.0	13.4
Plant & Vehicles	-	0.4	0.7	1.3	1.6
Total Tangible Fixed Assets	26.2	24.9	22.1	30.9	28.6
Intangible Assets	0.1	0.1	0.2	0.3	0.3
Investments	4.8	4.5	4.2	5.9	5.8
Total Fixed Assets	31.1	29.6	26.5	37.1	34.7
Stocks	34.5	28.2	24.4	36.9	37.1
Work in Progress	0.0	0.0	0.0	0.0	0.0
Total Stocks Work In Progress	34.5	28.2	24.4	36.9	37.1
Trade Debtors	0.9	0.9	0.7	0.6	0.3
Inter-Company Debtors	1.9	2.9	0.6	2.8	1.1
Director Loans	0.0	0.0	0.0	0.0	0.0
Other Debtors	5.7	5.6	6.1	10.2	8.1
Total Debtors	8.5	9.4	7.5	13.6	9.5
Cash and Equivalents	246.3	217.9	194.9	280.4	249.7
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	289.3	255.5	226.7	330.9	296.3
Total Assets	320.3	285.1	253.3	368.0	331.0
Trade Creditors	12.4	7.1	6.6	10.1	7.3
Inter-Company Creditors	3.4	0.2	2.7	2.0	0.5
Hire Purchase (Current Liability)	0.0	0.0	0.0	0.0	0.0
Finance Lease (Current Liability)	1.3	1.2	1.3	2.0	1.4
Total Finance Lease/Hire Purchase (Current Liability)	1.3	1.2	1.3	2.0	1.4
Social Security/VAT	5.9	4.7	4.2	7.3	7.4
Corporation Tax	4.5	3.6	2.3	4.0	2.8
Other Current Liabilities	13.3	11.0	13.4	13.7	15.1
Total Current Liabilities	40.6	27.9	30.4	39.2	34.5
Group Loans (Long Term Liability)	29.2	27.7	5.0	-	6.9
Director Loans (Long Term Liability)	0.0	0.0	-	7.0	0.0
Hire Purchase (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Leasing (Long Term Liability)	1.6	1.8	2.7	3.8	2.7
Total Hire Purchase Loans (Long Term Liability)	1.6	1.8	2.7	3.8	2.7
Other Long Term Loans	0.0	0.0	-	-	0.0
Accruals/Deferred Income (Long Term Liability)	0.1	0.2	-	40.2	45.0
Other Long Term Liabilities	0.0	0.0	1.2	2.2	0.0
Total Long Term Liabilities	30.9	29.7	8.9	53.3	54.6
Deferred Taxation	0.4	0.5	24.9	0.0	1.0
Other Provisions	3.6	4.2	2.0	4.0	5.3
Total Provisions	4.0	4.7	26.9	4.0	6.3
Issued Capital	82.5	78.1	73.1	102.1	100.7
Share Premium Accounts	6.7	6.4	6.0	8.4	8.2
Revaluation Reserve	0.0	0.0	0.0	0.0	0.0
Retained Earnings	139.7	123.2	93.8	141.4	107.3
Other Reserves	15.9	15.0	14.1	19.7	19.4
Minority Interests (Balance Sheet)	0.0	0.0	0.0	0.0	0.0
Total Shareholders Funds	244.8	222.7	187.1	271.5	235.6
Net Worth	244.7	222.6	186.9	271.2	235.3

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	53 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647435	0.631366	0.575434	0.499516	0.534697
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	53 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.6222	0.656858	0.701582	0.502715	0.509463
Consolidated	No	No	No	No	No
Current Ratio	7.12	9.16	7.45	8.44	8.58
Liquidity Ratio	6.27	8.15	6.65	7.50	7.50
Stock Turnover	7.47	8.46	9.22	7.83	7.79
Credit Period (Days)	1.22	1.36	1.11	0.70	0.33
Working Capital by Sales	96.49%	95.35%	87.26%	100.95%	90.48%
Trade Credit by Debtors	14.37	8.03	9.56	18.06	27.87
Return on Capital	12.20%	13.31%	14.72%	13.94%	16.44%
Return on Assets	10.65%	12.01%	12.95%	12.46%	14.72%
Profit Margin	13.24%	14.34%	14.58%	15.87%	16.84%
Return on Shareholders Funds	13.94%	15.37%	17.54%	16.89%	20.68%
Borrowing Ratio	14.50%	13.87%	6.24%	5.47%	4.88%
Equity Gearing	76.42%	78.13%	73.86%	73.78%	71.18%
Debt Gearing	12.61%	13.25%	4.12%	3.98%	4.08%
Interest Coverage	82.94	94.86	97.10	110.82	-
Sales by Tangible Assets	9.85	9.57	10.16	9.34	10.12
Average Remuneration per Employee	0.0	0.0	0.0	0.0	0.0
Profit per Employee	0.0	0.0	0.0	0.0	0.0
Sales per Employee	0.1	0.1	0.1	0.1	0.1
Capital Employed per Employee	0.1	0.1	0.1	0.1	0.1
Tangible Assets per Employee	0.0	0.0	0.0	0.0	0.0
Total Assets per Employee	0.1	0.1	0.1	0.1	0.1
Employee Remuneration by Sales	24.95%	23.15%	21.66%	22.55%	21.81%
Creditor Days (Cost of Sales Based)	20.87	13.11	12.48	14.82	10.93
Creditor Days (Sales Based)	17.53	10.93	10.65	12.71	9.25

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.67
UK Pound	1	Rs.76.75
Euro	1	Rs.63.56

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.